Europe Launches War On Italy’s Fiscal Plans: Warns Of Debt “Explosion”, Threatens Savers

https://www.zerohedge.com/sites/default/files/inline-images/italy%20debt%20to%20gdp.jpg?itok=PTmeqvVT

 

In the aftermath of Italy’s defiant announcement that it would expand its 2019 budget deficit to 2.4% of GDP, above both the initial proposal from finmin Tria which was 1.6%, and also higher than the European “redline” of 2.0%, the question was how would Europe respond to this open mutiny by Italy.

The answers started to emerge on Friday, when European Parliament head Antonio Tajani said that fiscal targets set by Italy’s eurosceptic government were “against the people” and could hit savers without creating jobs.

“I am very concerned for what is happening in Italy,” said Tajani, who is a center-right opposition politician in Italy and close ally to former Prime Minister Silvio Berlusconi. The budgetary plans “will not raise employment but will cause trouble to the savings of the Italians,” Tajani said. Continue reading

All Euros Gravitate To Germany

https://www.zerohedge.com/sites/default/files/inline-images/2018-09-17_18-44-58.jpg?itok=KCnMgPzg

 

The Euro has been around for almost 20 years. The Russian transfer ruble survived 25 years. As GEFIRA explains, the two currencies have something in common: they were and are not a success story…

The introduction of the transfer ruble was intended to enable free trade between the countries of the Eastern bloc. The creation of the common clearing system led to the exchange rates for the East German mark, zloty, forint, lev, and even the Mongolian tugrik being arbitrarily fixed by the Soviet Union, regardless of the purchasing power of the national currencies. In the 1960s, the Bulgarian lev was 20% undervalued and the Polish zloty about 45% overvalued. Since the transfer ruble was not yet convertible into Western currencies, it remained an illusion and a means by which the Soviet Union could enrich itself and save its budget at the expense of its satellite states: the Russians bought raw materials, goods, food for convertible currencies in the West and sold them to their “socialist friends” for transfer rubels. The international bank for economic cooperation, which sat in Moscow and handled all transactions in the transfer ruble, swept the real trade surpluses and deficits under the carpet. With the political change the common settlement currency came to to an end, and it turned out that the Soviet Union owed huge sums to its “brothers”. Continue reading

State of the Union

A German-dominated United States of Europe with its respective European Army is on the rise — out in the open.

The Fourth Reich has landed.

 

BERLIN/BRUSSELS (Own report) – The EU must develop the capacity “to shape global affairs” and act as “architect of tomorrow’s world,” declared Jean-Claude Juncker, President of the European Commission during his “State of the Union” speech yesterday. The speech is modeled on the famous annual “State of the Union Address” presented by the US President to a joint session of Congress. Juncker particularly wants to accelerate the EU’s militarization and the fortification of its external borders. While the German-dominated Union is striving to become a global power, at all costs, tensions within the EU are growing significantly. The disciplinary action adopted yesterday by the European Parliament against Hungary, which has been undermining democratic rights for years, exacerbates the conflict between the West European centers of power and the EU’s eastern members. The blatant prosperity gap between the EU’s center and the impoverished periphery continues unabated. Serious violations of human rights, particularly against refugees, accompany the internally disunited Union’s striving for a global role.

Continue reading

Juncker: End internal borders, scrap national vetoes on tax & foreign policy

 

Jean Claude Junker when making his ‘State of the Union’ address to the European Parliament has called for internal borders to be “removed” and demanded national vetoes on foreign and tax policy to be scrapped, giving the European Commission more central powers.

He told the EU Parliament: “Where borders have been reinstated, they must be removed. Failure to do so would amount to an unacceptable step back for the Europe of today and tomorrow. Continue reading

Europe Is Working On Alternative To SWIFT For “Financial Independence” From The US

https://www.zerohedge.com/sites/default/files/inline-images/heiko%20mass.jpg?itok=vgZp-573

German foreign minister Heiko Maas

 

In the aftermath of a report that Germany was working on a global payment system that is independent of the US and SWIFT, on Monday Germany and France said they’re working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks, Bloomberg reported.

“With Germany, we are determined to work on an independent European or Franco-German financing tool which would allow us to avoid being the collateral victims of U.S. extra-territorial sanctions,” French Finance Minister Bruno Le Maire said Monday during a meeting with press association AJEF. “I want Europe to be a sovereign continent not a vassal, and that means having totally independent financing instruments that do not today exist.”

The discussions, which also involve the U.K., are a signal that European powers are trying to get serious about demonstrating a greater level of independence from the U.S. as President Donald Trump pursues his “America First” agenda. Continue reading

Did Germany Win the 100-Year War?

Everything that has been mentioned on Global Geopolitics since 2011 regarding Berlin and it’s United States of Europe project is pretty much summarized within this article. The only thing missing is the end game.

Germany has once again conquered Europe and the entire world has missed it. The plan and timeline has changed but the goals once again remain the same. Instead of Nazis you have Germans running the EU through the Troika with key figures in key places, subjugating the entire continent through political sabotage and economic might. It’s been said oft here that if you’re looking for Nazis, you’re over 70 years late. It’s now a multicultural and multinational European superstate once united by a common goal, but now by force, and by Berlin. It even has its own European Army under construction.

The Fourth Reich has landed.

 

https://www.hoover.org/sites/default/files/styles/page_main/public/research/images/germany_final.jpg?itok=zoVVvRW-

 

“Periodization” is a trendy academic term for historians’ use of particular (and sometimes arbitrary) chronological terms—often in reference to wars in general, and in particular to when they started and ended.

Were there really “three” Punic Wars rather than just one that continued for well over a century from 264-146 BC, ending only with the Roman absolute destruction of Carthage? Continue reading

EU recruiting for ‘European Defence Agency’

Now that it’s public knowledge vacancies are open, and an official agency complete with its very own flag, there’s no getting around the reality of a rising European Army. As said here many times throughout the years, the United States of Europe will be the next world superpower, led by Germany’s Fourth Reich.

America, throughout (at least) the last four administrations has suicided itself into the dustbin of world history — and not even Donald Trump will be able to stop its decline. Europe is only picking up the baton and filling the vacuum.

Further information:

 

 

Remember when the prospect of an EU Army was dismissed as a ‘dangerous fantasy’? Well the reality of course is quite different.

In fact the ‘European Defence Agency’ – complete with EU flag – is now recruiting. Continue reading

Veterans for Britain: ‘EU army actively undermining NATO’

 

David Banks, a Spokesman for the Veterans for Britain campaign, has told Westmonster that the European Union is actively undermining NATO.

In an exclusive interview, Banks said the EU has “created 20 separate structures which directly duplicate what NATO already does and that’s quite unhealthy for those of us who believe in NATO”. Continue reading

Germans Actually Want US Troops Out Of Germany, Poll Finds

While Donald Trump is 100% correct on Germany being controlled by Russia, it’s not a 100% influence over Germany… and he’s also unwittingly helping someone else fill in the vacuum of a post-American-protected Europe. Europeans have already longed for the day American troops leave Europe, long before this poll ever came out. The question is who will fill that vacuum. The likely answer is a European Army replacing NATO, which is already Under Construction as we speak.

There may be partnerships going on between Europe and Russia, but Europe, militarily speaking, understands the need for its own independent defense mechanism and still feels threatened by Russia despite energy and business deals. Moreover, this is not necessarily something thought of by EU members as a whole, but Germany. Germany is the powerhouse of the EU and has always had ambitions to take Europe — even in this new generation. It dictates its policy and those who don’t follow end up being vassal states like Greece and Cyprus. Although harder to push around, Italy is the next target for the chopping block after the election of an anti-EU leadership. This is Germany’s way of getting member states in sync.

The creation of a new superpower is underway, all lead by Berlin’s Fourth Reich. If you’re still looking for Nazis, you’re 70 years too late. The game plan has changed, but the goal remains the same: A multi-national United States of Europe with its own European Army.

 

https://www.zerohedge.com/sites/default/files/inline-images/german%20poll%20.jpg?itok=doV97gzb

Map source: Wikimedia Commons

 

A central irony behind Trump’s rumored “threat” that he could withdraw or at least greatly reduce American troops stationed in Germany, who last month wrote to Angela Merkel of “growing frustration in the United States that some allies have not stepped up as promised” on defense spending, is that Germans don’t actually want US troops on their soil to begin with, according to a new poll. Continue reading

Coalition of Those Willing to Go to War

PARIS/BERLIN (Own report) – Germany is participating in a new European military formation that was launched yesterday. Originally a French proposal, the European Intervention Initiative (EII) will be open to EU and Non-EU member countries to join. Expanding the existing EU military cooperation (“PESCO”) with a new operational component, the EII should facilitate rapid decisions on joint military interventions. A first meeting of military commanders from the hitherto nine participant states is set for September. The EII includes Great Britain, which plans to continue its military cooperation with the continent, even after Brexit, as well as Denmark. Since the coordination of military interventions is now officially set outside of the EU framework, Denmark can sidestep the opt-out from EU military policy, it had once granted its population. Referred to by experts as a European “coalition of the willing,” it goes hand in hand with the EU Commission’s militarization plans worth billions and the high-cost German-French arms projects.

Continue reading

The European Intervention Initiative: a New Military Force Established in Europe

The European Intervention Initiative: a New Military Force Established in Europe

 

The predictions have come true about the emergence of a new defense group that will change the European security environment. On June 25, the defense chiefs from nine EU countries signed off on the creation of a new force called the European Intervention Initiative (EII), which is spearheaded by French President Emmanuel Macron. The new organization will have a common budget and a doctrine establishing its guidelines for acting and joint planning for contingencies in which NATO may not get involved. The group includes the UK, Germany, Denmark, the Netherlands, Belgium, Estonia, Spain, and Portugal. Italy may join soon. The initiative is not tied to the EU’s Common European Defense, which includes the PESCO agreement as well as NATO. Great Britain has always opposed the idea of creating a European defense alliance, fearing it would undermine transatlantic unity. Now it has done an about-face, as the rifts within the US grow deeper. Continue reading

9 European States To Form Joint Military Intervention Force

https://southfront.org/wp-content/uploads/2018/06/1-230.jpg

Leopard II battle tank is pictured in action at the Oberlausitz training area in Weisskeissel. Source: Reuters

 

Nine European states – France, the UK, Germany, Belgium, Denmark, the Netherlands, Estonia, Spain and Portugal are going to establish a joint military intervention force, France’s Defense Minister Florence Parly has told the French newspaper Figaro.

“Defence Europe requires a common strategic culture … The deadlines and decisions in the EU are still much too long compared to the urgency that can arise from a critical situation in a country where Europeans would consider that there is a strong stake for their security,” she said. Continue reading

Merkel Urges Europe to Step Up in Trump’s New World Order

https://images.assettype.com/bloombergquint%2F2017-01%2Fb98a939b-572b-43c1-9579-170772986a4d%2F307637904_1-7.jpg

Angela Merkel, Germany’s Chancellor and Christian Democratic Union (CDU) party leader, speaks at the CDU party conference in Essen, Germany (Photographer: Krisztian Bocsi/Bloomberg)

 

(Bloomberg) — Chancellor Angela Merkel made a forceful pitch for Europe to play a more assertive role in global affairs as U.S. President Donald Trump dismantles the post-World War II order, setting the stage for a potential tense standoff at the Group of Seven summit this week.

The German leader again questioned the durability of trans-Atlantic relations by referring to eye-raising comments she made over a year ago in which she said that “the times when we could fully rely on others are to some extent over.” Those words, spoken at a beer-tent election rally, were a reaction to Trump hectoring European leaders for not spending enough on defense at a North Atlantic Treaty Organization summit in Brussels. Since then, more fuel has been added to the fire.

“That was my takeaway from the NATO summit, and in the meantime I continue to feel confirmed by my statement,” Merkel said in Munich on Wednesday, this time to a meeting of the European People’s Party, a grouping of center-right parties in the European Parliament.

Continue reading

Merkel Backs Macron’s European Army Initiative

https://www.zerohedge.com/sites/default/files/inline-images/2018.06.05merkel.JPG?itok=RKtS1aK6

 

“I am in favor of President Macron’s proposal for an intervention initiative,” the German chancellor told Frankfurter Allgemeine newspaper on Sunday.

The topic has been under discussion since September, when French President Emmanuel Macron laid out his vision for a pan-European “military intervention force” with a shared military budget funded by aggregated tax receipts and supervised by a single finance minister. Macron’s vision – which is central to his integrationist message – was similar to a proposal laid out during a speech last summer by European Commission President Jean-Claude Juncker, who declared at the time that “soft power alone is not powerful enough.” Continue reading

Eurocracy

All roads continue to lead to Berlin, the powerhouse that runs and dictates Europe’s future. In this case, Berlin is spearheading an effort to keep Italy subjugated before an economic crisis (it’s already capitalizing off of) gets politically out of hand as it did in Greece, which is now a German vassal state. It’s Germany’s goal to create a United States of Europe and economic levers are but one tactic in harmonizing Europe how it sees fit in achieving that end.

 

https://www.german-foreign-policy.com/fileadmin/introduction/images/maps/3_europa/16_italien.gif

 

ROME/BERLIN (Own report) – Following massive complaints from Germany, Italy’s President Sergio Mattarella blocked a euroskeptic from becoming his country’s finance minister, appointing an IMF man – favored by Berlin – to be prime minister. The democratically elected 5-Star Movement (M5S) and the far-right Lega Nord majority’s opportunity to form a government was thereby denied. Euroskeptic Paolo Savona, a renowned career economist, was rejected because he could not have insured the maintenance of the EU’s common currency. Under his administration, resistance to Berlin’s austerity dictate could have been expected, whereas the newly appointed Prime Minster Carlo Cottarelli passed the test a few years ago as the Rome government’s austerity commissioner (“Mr. Scissors”). Savona’s nomination is the result of Italy’s growing euroskepticism, which, in the meantime, is also shared by other economists. “Germany profits, Italy loses” through the introduction of the euro, concludes Savona’s alternative candidate to the post of finance minister.

Continue reading